The miner is concerned about its manganese and aluminium operations, even as its coal business brings in the dosh.
South32 flies under the radar in South Africa because the share isn’t index linked. But the company has been on a strong run this year thanks to the metallurgical coal price. That’s buoyed interim revenue at a time when other mineral prices have shrunk.
Basic underlying share earnings were US12.2c a share, down 44% year on year. Without good old-fashioned coal, South32’s performance would have been worse...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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